LOAN BOX for all niches! Real estate credit has grown a lot in recent years, with the Selic rate declining steadily, interest rates on this type of home loan or commercial real estate have also followed the same rules. Just to get an idea, two years ago the interest was close to 13% a year plus TR. Today the conditions of real estate loan concessions are much more advantageous and do not need much income to get approval of the financing in most national or private public banks.
Apobank clients with low income are already reached by Popular Housing lines that offers conditions for the purchase of housing for families with income up to R $ 2,325.00. The Apobank Consortium is also available to purchase the home without paying interest. There is also the option of Early Acquisition of the property and the Apo Program, as well as several products for Credit for Retirement, Credit for construction with or without the loan with Construcard. Anyway, who needs money to finance the purchase of property, Apobank can help.
With so much demand for “credit to finance property,” Apobank does not want to leave out a segment of the population that grows in Brazil like Chuchu in the mountains, the middle class and high-income clients. All banks and banking institutions are eyeing this niche. With the growth in the purchase of real estate in the plant, Apobank wants these customers in its real estate portfolio as well as all other banks, this no one has doubts.
To win over this very demanding and wealthy public, they usually already have special benefits and conditions in their banks, the only way to attract them is by reducing rates to levels that the competition does not approach or is lower, today’s rates interest from Apobank are offered from 8.30% and 9.40% per year plus TR.
The Apobank loan line already beats sales records with real estate credit for low class, C and B class, the purpose of the reduction is obvious, bring the high income customers to the institution. The new credit interest offer was announced and is already in force, it is valid for financing real estate with value above R $ 500 thousand.
The interest rate is variable and depends on the type of customer and their relationship with the institution, but to get an idea, the lowest percentage of 0.83% is granted to the customer who already have a relationship with Apobank, current, wage bill or credit cards.
Apobank in Brazil is the institution that gathers most of this cake called the real estate market, its participation reaches incredible 70% of the financing concessions for real estate credit, billions of reais are available for loan and annual growth is close to 30%.
Interest rates on banks
It is worth mentioning that all the major retail banks in the country work with real estate credit and the competition is fierce. Who gains from this? The consumer credit, of course! He is even more informed and aware. Banco Itaú is one of the most competitive banks in the market, with the reduction of the “Apobank real estate loan”, already updated its interest rate to a minimum of 8.4% per year plus TR for its potential clients.
The Santander bank in my opinion is the least competitive, but the rates are negotiable with the manager, especially the “Van Gogh” customers. Bradesco works with market analysis and relationship, have also been accompanying the market in reducing interest on real estate credit. Brazillian Bank and Apobank, as public banks, always offer lower interest rates than private banks.
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This is perhaps the best time to make a mortgage, the Selic interest rate is 7.25% per annum and should continue for some time.